Target for Gold--Double top on daily chart

Hi Guys,

I'm new to technical analysis and trading. I was just wondering that Gold has made double top on daily charts in dollars. Will it reach the usual targets for a double top formation. Any insight, what your experience says.

Thanks

gold mkts longterm medium and shortterm trends are showing down the major supports for gold 763/760 748 in spot gold any correction upper ralies are best selling levles


all the best for trading

Thanks Technicalzero.

Ok. I am a bit confused.

With Gold hitting fresh highs not so long ago how can the trend change from UP to Down. The short-term may have changed(which I personally doubt).

I do not analyse gold charts that much but if technical analysis is used in its simplest form I would have to say that gold is correcting and may break out towards the upside again. The downside to me looks maximum to 10,500(my buying level is 11,000 and adding on dips after that).

Many experts see Gold at record highs by the end of the year, probably around diwali season. Since Diwali is not more than 2 months away and traditionally Gold goes up during this season, so go with the seasonal trend.

Neo

Hi
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whats the trand of goldm

your buy triggered ..............